MTU Aero Engines again reports improved earnings
MTU Aero Engines Holding AG has once again improved its earnings in the half year up to the end of June 2008, reporting EBITDA1 of
MTU Aero Engines again reports improved earnings Read More »
22 July 2008
Honeywell signs extension with Southwest Airlines to maintain fleet
Honeywell has signed a contract extension with Southwest Airlines to provide aftermarket maintenance services for Honeywell avionics and mechanical products on Southwest’s entire fleet of Boeing 737s for the next 10 years. Under the extended agreement, Honeywell will provide aftermarket repair and overhaul services for Honeywell equipment on Southwest’s entire fleet — up to 520
Honeywell signs extension with Southwest Airlines to maintain fleet Read More »
UAL Corporation reports second quarter 2008 results
Driven by a $773 million increase in consolidated fuel expense, UAL Corporation reported a net loss of $2.7 billion or $151 million, excluding certain largely non-cash accounting charges. UAL announced further capacity cuts and the retirement of the entire B737 fleet as well as six B747s. In total, United will retire 100 aircraft and will
UAL Corporation reports second quarter 2008 results Read More »
US Airways posts quarterly loss
US Airways Group reported a net loss for its second quarter 2008 of $567 million compared to a net profit of $263 million for the same period last year. Excluding net special items of $466 million, the Company reported a net loss of $101 million, or $1.11 per share for its second quarter 2008. This
US Airways posts quarterly loss Read More »
GE and Mubadala launch global business partnership
United Arab Emirates and Mubadala Development Company, headquartered in Abu Dhabi, UAE, announced a framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning. Building on an already strong relationship and a common view of high growth opportunities in the
GE and Mubadala launch global business partnership Read More »
UPS quarterly profit falls
UPS reported a 6.7% revenue increase in the second quarter but an 18.3% decline in diluted earnings per share to $0.85 compared to $1.04 the prior year. Increasing fuel costs and a stagnant U.S. economy caused the earnings decline in both the U.S. Domestic and International Package segments. In contrast, the Supply Chain and Freight
UPS quarterly profit falls Read More »
JetBlue reports 2nd quarter loss of $7 million
JetBlue Airways Corporation reported that operating revenues for the quarter totaled $859 million, representing growth of 17.7% over operating revenues of $730 million in the second quarter of 2007. Operating income for the quarter was $21 million, resulting in a 2.4% operating margin, compared to operating income of $73 million and a 10.0% operating margin
JetBlue reports 2nd quarter loss of $7 million Read More »
Lockheed Martin announces second quarter 2008 results
Lockheed Martin Corporation reported second quarter 2008 net earnings of $882 million, compared to $778 million in 2007. Net sales were $11.0 billion, a 4% increase over second quarter 2007 sales of $10.7 billion. Cash from operations for the second quarter of 2008 was $1.5 billion, compared to $1.4 billion in 2007.
Lockheed Martin announces second quarter 2008 results Read More »
Blended Winglets make first flight on Boeing 767-300ER
An American Airlines 767-300ER equipped with Aviation Partners Boeing Blended Winglets took to the skies on Sunday July 20th. The newly modified aircraft flew a ferry flight from Kansas City, Missouri to San Bernardino, California where it will undergo two months of certification and winglet performance flight testing. The Blended Winglet installation, along with necessary
Blended Winglets make first flight on Boeing 767-300ER Read More »
Copa Airlines orders two Boeing Next-Generation 737 aircraft
Copa Airlines confirmed an order for two Boeing 737-800 aircraft for delivery in 2010 and 2011. The new order continues Copa Airlines’ fleet expansion plan and reflects an increase in its orders for Boeing Next-Generation 737 aircraft from seven to nine, with options for future orders.
Copa Airlines orders two Boeing Next-Generation 737 aircraft Read More »